NEW
YORK, Jan. 2, 2024 /PRNewswire/ -- MainStay
MacKay DefinedTerm Municipal Opportunities Fund (the "Fund")
(NYSE:MMD) today announced monthly dividend distributions of
$0.06 per common share for the months
of January, February and March 2024. This amount is consistent
with the Fund's October, November and December 2023 dividend distribution, which was
also $0.06 per common share.
Portfolio and municipal market commentary will be published on
or around January 2, 2024 and can be
retrieved here.
Dividend Distribution Schedule:
Month
|
Declaration
Date
|
Ex-Date
|
Record
Date
|
Payable
Date
|
January
|
1/2/2024
|
1/12/2024
|
1/16/2024
|
1/31/2024
|
February
|
1/2/2024
|
2/15/2024
|
2/16/2024
|
2/29/2024
|
March
|
1/2/2024
|
3/14/2024
|
3/15/2024
|
3/28/2024
|
The Fund's dividend will be derived from its monthly
undistributed net investment income and is not expected to contain
any return of principal.
The Fund's daily New York Stock Exchange closing prices, net
asset values per share, as well as other information are available
by clicking here or by calling the Fund's shareholder
servicing agent at (855) 456-9683.
For more insights from MacKay Municipal Managers™ and our New
York Life Investments affiliates click here.
There are risks inherent in any investment, including market
risk, interest rate risk, credit risk and the possible loss of
principal. There can be no assurance that the Fund's investment
objectives will be achieved. Shares of closed-end funds frequently
trade at a discount from their net asset value, which may increase
investor risk.
About New York Life Investments
With over $687 billion in Assets
Under Management* as of September 30,
2023, New York Life Investments is comprised of the
affiliated global asset management businesses of its parent
company, New York Life Insurance Company, and offers clients access
to specialized, independent investment teams through its family of
affiliated boutiques. New York Life Investments remains committed
to clients through a combination of the diverse perspectives of its
boutiques and a long-lasting focus on sustainable
relationships.
*Assets under management (AUM) includes assets of the investment
advisers affiliated with New York Life Insurance Company, other
than Kartesia Management, as of 9/30/2023. As of 12/31/2022 New York Life Investments changed its
AUM calculation methodology, and AUM now includes certain assets,
such as non-discretionary AUM, external fund selection, and overlay
services, including ESG screening services, advisory consulting
services, white labeling investment management services, and model
portfolio delivery services, that do not qualify as Regulatory
Assets Under Management, as defined in the SEC's Form ADV. AUM is
reported in USD. AUM not denominated in USD is converted at the
spot rate as of 6/30/2023. This total AUM figure is less than the
sum of the AUM of each affiliated investment adviser in the group
because it does not count AUM where the same assets can be counted
by more than one affiliated investment adviser
"New York Life Investments" is both a service mark, and the
common trade name, of certain investment advisors affiliated with
New York Life Insurance Company.
About MacKay Shields LLC
MacKay Shields LLC (together with its subsidiaries, "MacKay")*,
a New York Life Investments Company, is a global asset management
firm with $129 billion in assets
under management** as of September 30,
2023. MacKay manages fixed income strategies for high-net
worth individuals and institutional clients through separately
managed accounts and collective investment vehicles including
private funds, UCITS, ETFs, closed end funds and mutual funds.
MacKay maintains offices in New York
City, Princeton,
Los Angeles, London and Dublin. For more information, please visit
www.mackayshields.com or follow us on Twitter or LinkedIn.
*MacKay Shields is a wholly owned
subsidiary of New York Life Investment Management Holdings LLC,
which is wholly owned by New York Life Insurance Company.
** Assets under management (AUM) as of September 30, 2023 represents assets managed by
MacKay Shields LLC and its subsidiaries but excludes certain
accounts and other assets over which MacKay
Shields continues to exercise discretionary authority to
liquidate but which are no longer actively managed.
Media Contact:
Sara
Guenoun | New York Life | (212) 576-4757 |
Sara_j_Guenoun@newyorklife.com
Investors Contact:
855-456-9683
SMRU No. 5764330
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SOURCE New York Life Investments